Bobinson K B

@bobinson

Joined on Nov 28, 2017

  • 1. Introduction This document outlines the process of verifying storage on the SPK Network and how it is rewarded. For avoidance of doubt, this document only describes storage mining and not the other types of mining in the SPK Network, such as running other Network Mill's Nodes including CDN Nodes, Encoding / Transcoding Nodes and Service Nodes 1.1 Definitions In order to make sure there is sufficient decentralisation, the SPK Storage network will have a minimum number of validator nodes before rewards can be distributed. It will also have a and maximum number of validators in order to prevent sibl attacks. Storage Node: Servers hosting the files uploaded into the speak network are designated as storage nodes. Each node will have a unique NAI aka adress on the Peerplays blockchain. These nodes can choose to mine BROCA and SPEAK by staking LARNYX. The storage nodes must use IPFS protocol and publicly share the DLT for anyone to access. Each node in the network is incetivised to maintain new files, rare files and as large a percentage of the entire Network as possible. Validator nodes: These are high performance servers mapped with validator blockchain accounts. Each of the validator nodes must have LARNYX tokens staked to become eligible for rewards for the services provided to the network. Each validator node receives SPEAK and BROCA tokens on the completion of verification or validation work. The dispersal of tokens happens immediately after the verification-validation round is completed. Verification: Validators verify storage node proofs by downloading and verifying the files hosted by the storage node undergoing verification. Confirmation: The process by which a threashold number of validator nodes confirm a verification. Once a threashold of confirmations is reached, payouts are executed. Each validator that performs a confirmation, stores the data to the DPoS blockchain which can then be picked up by other validators who can also assist in carrying out a confirmation of the claim. Payouts:A storage node receives exponentially more rewards in BROCA and SPEAK based on the amount of LARNYX staked. This disincentivises miners pretending to be two or more separate nodes on the Network so that they can mine more rewards for themselves whilst increasing competition for LARYNX Miner Tokens.
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  • Objective Demonstrate Peerplays's SONs technology integrated to work with Hive Blockchain. The Sidechain Operator Nodes (SON) is a decentralized, oracle system operated by elected nodes on the Peerplays blockchain. In this scenario, we are demonstrating Hive-SONs the implementation specific for the Hive blockchain. This is the first of multiple features for Hive blockchain integrations that we are working on along with SPK Network. Overview A TESTNET of Peerplays comprising of witness nodes and SONs will be created. This network will be called as #YMIR and will comprise of Peerplays's current son-for-hive branch running in a single server using dockers. Procedure : #YMIR will be configured and brought up by Peerplays developers Few test transactions will be performed using HIVE and HBD to ensure the performance of the integration
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